Kelly W. Benton - May 13, 2024 Form 4 Insider Report for SAIA INC (SAIA)

Role: VP & CAO
Signature: /s/ Kelly W Benton
Stock symbol: SAIA
Transactions as of: May 13, 2024
Transactions value $: $0
Form type: 4
Date filed: 5/15/2024, 04:09 PM
Previous filing: May 6, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SAIA	Common Stock	Award	$0	+992	+38.48%	$0.00	3.57K	May 13, 2024	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	SAIA	Phantom Stock						100	May 13, 2024	Common Stock	100		Direct	F2, F3, F4
holding	SAIA	Stock Options (Right to Buy)						460	May 13, 2024	Common Stock	460	$277.86	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted shares granted as part of the long-term incentive program approved by the Compensation Committee. The restricted stock award cliff vests in year three.
F2	The conversion rate of this derivative security on May 13, 2024 is 1.1309 resulting in 113.170 shares of common stock (underlying security in column 7).
F3	Immediate
F4	The shares of phantom stock become payable in the Company's common stock upon reporting person's termination of service as an employee, in accordance with the terms of the Plan.
F5	Stock Options granted as part of the long-term incentive program approved by the Compensation Committee. One-third of the award vests each year on the anniversary of the grant date.